Samsung to Finalize Foundry Investment in the United States

A senior executive of Samsung Electronics said, the company is quickly going to make a decision on a foundry investment in the United States, as the technology giant of South Koreas has now been seeking to become the number one player of the foundry sectors and logic chip in the world.

Samsung Electronics, which has been the number two foundry company in the world behind TSMC based in Taiwan has announced that, it is going to be building a 17 billion dollars fab investment in the United States, and Lee Jae-yong, head of Samsung has widely been speculated for visiting the United States in the company month for the purpose of finalising the site, along with the city of Taylor in Texas as the strongest candidate for the site. The other candidates for the site include Arizona, New York, and Austin, Texas.

Kim Ki-nam, CEO and Vice Chairman of device solutions division of Samsung said, it is going to take time for the company for reviewing all the factors such as the site, infrastructure, personnel and the state incentives, and also making a final decision for the investment.

Kim Ki-nam said, they are also trying to make a decision as soon as possible on the side-lines of the Korea Electronics Show 2021, and he also said the company is also preparing for the answers to the recent request made by the US Department of Commerce regarding the company’s semiconductor business.

The United States has asked the chip producers across the globe including Samsung to provide information on the inventories and has also demanded several other details by 8^th November 2021.